Lloyd’s of London sets its sights on Dublin, Toys R Us files for bankruptcy and Tesla’s potential for China.
BREXIT: LLOYD’S OF LONDON LOOKS TO DUBLIN
One of Lloyd’s of London’s largest insurance syndicates is to move its European headquarters to Dublin, Taoiseach Leo Varadkar has announced.
“XL Group, which operates the XL Catlin brand, has chosen the Irish capital as its ‘preferred location for its principal European Union insurance company’ subject to regulatory approval, said the Irish Industrial Development Authority.”
Read it on The Guardian.
RETAIL: TOYS R US FILES FOR BANKRUPTCY
“In a statement, the company said its roughly 1,600 stores, which include Babies R Us, will remain open. But the move might also make customers and manufacturers less confident, keeping some shoppers away during the holiday season and causing some toy manufacturers to become more cautious with their deliveries.”
The news leaves many stores across the world on edge even if initial statements suggest they will remain open for now.
Get it on Slate.
TRANSPORT: TESLA COULD DRIVE IT HOME IN CHINA
“China’s government has lately been making noise about a total phase-out of gas-powered cars, and it’s no secret that Tesla CEO Elon Musk wants to start assembling vehicles in China rather than having to export them from the US.”
With ecars dominating news and governmental discussion across the globe, China could be a massive hub for environmentally-friendly automobile construction for Tesla if more traditional means of manufacturing are made redundant.
Read it on Business Insider UK.